We recently went under LOI for a ~$1m SaaS SMB that is not SBA-eligible due to its current international incorporation. While we can execute the deal using a mix of cash, Boopos and seller financing (~30%), we would like to explore alternate financing options (i.e., non-SBA notes, etc.) that may be less expensive than Boopos and have a longer term.
Some financial highlights the business:
-~$200k EBITDA
-~2% historical average churn rate
If you know of any options, please comment on this post and we will PM with more detail.
Alternate financing for SaaS SMB
by a searcher
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
56 views
3 comments
Sign in to see all replies.
Create an account.